Tex. Finance Code § 154.252: RETENTION OF MONEY FOR EXPENSES.
Where this section sits in the code
- FINANCE CODE
- TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
- SUBTITLE E. OTHER FINANCIAL BUSINESSES
- CHAPTER 154. PREPAID FUNERAL SERVICES
- SUBCHAPTER F. TRUST-FUNDED PREPAID FUNERAL BENEFITS
The seller of a trust-funded prepaid funeral benefits contract may retain for the seller's use and benefit an amount not to exceed one-half of all money collected or paid until the seller has received an amount equal to 10 percent of the total amount the purchaser agreed to pay under the contract.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 699, Sec. 10, eff. Sept. 1, 2001.
Collected 2026-08-27T01:47:13Z. Source file · JSON